New residential single-family home sales for October were at a SAAR of 610,000, 17.3% below the revised September rate of 738,000.
Wood Markets News
FHFA Home Price Index Increases 4.3% Year-Over-Year in Q3
The FHFA House Price Index rose 4.3% year-over-year in Q3. When compared to Q2, prices were up 0.7%.
S&P CoreLogic Case-Shiller Index Reports 3.9% Annual Gain in US Home Prices in September
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 3.9% in September, down from a 4.3% increase in August.
Ziegler Holding, Owner of One of Europe’s Largest Sawmills, Declares Insolvency
The owner of one of Europe’s largest sawmills filed for insolvency in German court last Wednesday, BR24 reported.
US Consumer Confidence Index Continues to Improve in November
The Conference Board Consumer Confidence Index® increased to a reading of 111.7 (1985=100) in November, up 2.1 points from 109.6 in October.
Mortgage Application Payments Jump in October
MBA’s national Purchase Applications Payment Index climbed 2.8% to a reading of 162.3 in October, up from 157.9 in September.
Investor Home Purchases Return to Pre-Pandemic Level in Q3
Real estate investors purchased 2.3% fewer homes in Q3 compared to a year earlier, Redfin reported.
“Missing Middle” Construction Hits 17-Year High in Q3
In Q3, there were 6,000 2-to-4-unit housing starts, double the pace from a year ago, NAHB reported.
US National Interagency Fire Center Wildfire Update as of November 22nd
As of Friday, November 22nd, wildland fire activity continues in 2 states where 5 large active wildfires have burned 144,141 acres.
Google Unveils New Mass Timber Office in Sunnyvale, CA
Google unveiled its first office building made using mass timber.